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    6510 Horizon Cir Waco, TX 76712

    Sponsored
    For Sale
    $320,000

    1.12-Acre Lot, M-2 Zoning, Waco, TX

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 1.12-acre commercial land parcel presents a prime development opportunity in Waco, Texas. Located at 6510 Horizon Cir, in McLennan County, zip code 76712 (31.4849588, -97.1739194), this property is zoned M-2, offering flexibility for various commercial uses. The asking price is $320,000. The site boasts a strategic location near prominent medical facilities, Baylor/Scott & White and Hillcrest, ensuring high visibility and accessibility. This presents a unique investment opportunity for developers considering various approaches. Options include design-build projects, build-to-lease arrangements, or individual lot sales. While this specific lot measures 1.12 acres, it's important to note that the overall development offers a range of lot sizes, from 1.04 acres to 3.93 acres, with prices varying from $4.50 per square foot to $6.00 per square foot. This prime location and flexible development options make this property an attractive investment for discerning buyers seeking a strong return in a thriving Texas market. The property's proximity to established medical centers further enhances its potential for long-term growth and profitability. Serious inquiries are encouraged to explore this exceptional opportunity.

    Property Features for 6510 Horizon Cir

    General Information

    Property type
    Land
    Lot Size
    48,787 SF

    HighLights

    • 1.12‑acre commercial lot in Waco, TX, zoned M‑2, near Baylor/Scott & White and Hillcrest hospitals.
    • Asking price: $320,000.
    • Lot sizes range from 1.04 to 3.93 acres.
    • Prices range from $4.50 to $6.00 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.1739194
    Latitude
    31.4849588

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    FAQs

    What type of property is this?
    Land - 1.12-Acre Lot, M-2 Zoning, Waco, TX
    Where is this land located?
    The property is located at 6510 Horizon Cir Waco, TX.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: 1.12-acre commercial lot in Waco, TX, zoned M-2, near Baylor/Scott & White and Hillcrest hospitals.; Asking price: $320,000.; Lot sizes range from 1.04 to 3.93 acres.
    Request Owner's contact information
    6510 Horizon Cir Waco, TX 76712
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    Waco, TX 76712
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6510 Horizon Cir Waco, TX 76712
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